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CAFX Market Update 15/02/2022

Welcome to our daily market update where we help keep you informed on the latest happenings in the world of FX and show you what this means for the Mighty Aussie Dollar.

If you have any questions or would like anything further explained, please don’t hesitate to reach out to your account manager or email info@cafx.com


Key Data Being Released Today

New Zealand – Food Prices (MoM)

New Zealand – Performance Services Index


Macro Report

Markets faced another evening of wild swings as participants accessed both geopolitical developments as well as pondering the upcoming Fed Policy amid an increase in rates.

Ukrainian President Volodymyr Zelenskiy briefly spooked markets with what his office later said was meant to be a sarcastic comment about the rest of the world predicting a date for an attack by Russia.  Vladimir Putin’s top diplomat, meanwhile, urged the Russian president to continue talks with the West, with negotiation options “far from exhausted.”

Meanwhile, St. Louis Federal Reserve president James Bullard restated his call for a full percentage point of rate hikes by July, saying that the central bank’s “credibility is on the line” in its battle against rising prices.

Major currencies were mixed against the US dollar in European and US trade. The Aussie dollar rose from near US70.86 cents to US71.42 cents and was near US71.20 cents in afternoon US trade.  The Euro fell from highs near US$1.1350 to around US$1.1280 and was near US$1.1295 in afternoon US trade.

US treasuries were weaker on Monday (yields higher), 1. US 10-year yields rose by 5 points to 2.00%. US 2-year yields rose by 6 points to 1.58%.

European equity markets were weaker across the board, with Ukraine conflict simmering away.  Companies with the greatest exposure to Russia taking the biggest hit.  US markets closed weaker, moving lower after U.S. Secretary of State Antony Blinken announced the relocation of U.S. diplomatic operations to western Ukraine, in a possible sign of an imminent Russian invasion.

In US economic data, consumer inflation expectations fell from 6% to 5.8% in January (survey: 6.3%).

Ahead, In Australia minutes of the last Reserve Bank Board meeting are issued with weekly consumer sentiment. In the US, the Empire State manufacturing index is released with data on producer prices.


AUD/USD Daily Chart






Major Global Markets

Currencies Level Change (%)
AUD/USD 0.7125 -0.17
AUD/JPY 82.338 -0.04
AUD/CNH 4.5298 -0.27
DXY 96.3400 0.27
Rates Yield (%) Change (%)
US 10 Year 1.995 0.06
Aus 10 year 2.21 0.06
Equities Level Change (%)
S&P 500 4402 -0.38
NASDAQ 14269 0.10
ASX 200 7244 0.37
Commodities Level Change (%)
Iron Ore 135.87 -0.88
Gold 1871.77 0.70
Brent Crude oil 96.03 1.68